SBI CEO Wants Every Bank in Japan to Use Ripple’s XRP

Fresh from being listed on Coinbase Pro, Ripple’s XRP token now bears further good news as SBI, a backer of Ripple , plans to have many banks in Japan use MoneyTap – a bank transfer application powered by Ripple which “each bank and regional bank will be able to use”. 

SBI Holdings President and Representative Director Yoshitaka Kitao mentioned earlier this month that SBI VCTrade will go live in March , which means that verified members will be able to purchase the XRP token, among other tokens, with the Japanese Yen (JPY).

As the order books go live, the Japanese market will have some additional liquidity that will allow for large volumes of cross-border transactions by this group of banks. The VCTrade platform has been anticipated for some time.

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